{"id":75232,"date":"2022-12-14T02:00:52","date_gmt":"2022-12-14T02:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=75232"},"modified":"2025-12-15T08:17:09","modified_gmt":"2025-12-15T08:17:09","slug":"saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/","title":{"rendered":"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables"},"content":{"rendered":"<section id=\"75234\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75234\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/\">\r\n                            TODAY: KSA\u2019s Public Investment Fund acquires a 9.5% stake in Germany\u2019s Skyborn Renewables + UAE will build a 200 MW solar plant in Kyrgyzstan                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: KSA\u2019s Public Investment Fund acquires a 9.5% stake in Germany\u2019s Skyborn Renewables + UAE will build a 200 MW solar plant in Kyrgyzstan&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/&title=TODAY: KSA\u2019s Public Investment Fund acquires a 9.5% stake in Germany\u2019s Skyborn Renewables + UAE will build a 200 MW solar plant in Kyrgyzstan\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+KSA%E2%80%99s+Public+Investment+Fund+acquires+a+9.5%25+stake+in+Germany%E2%80%99s+Skyborn+Renewables+%2B+UAE+will+build+a+200+MW+solar+plant+in+Kyrgyzstan+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2022%2F12%2F14%2Ftoday-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75235\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/today-ksas-public-investment-fund-acquires-a-9-5-stake-in-germanys-skyborn-renewables-uae-will-build-a-200-mw-solar-plant-in-kyrgyzstan\/agreement-2-1600px-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"agreement-2-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75234\" class=\"content-area-description single-story post-75234 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-cop27 tag-enterpriseclimate tag-evs tag-fedex tag-g20 tag-green-finance tag-green-transition tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends. <\/strong>We\u2019re rolling into the weekend and the news cycle appears to be slowing down as folks get ready for the festive season.<\/p>\n<p><strong>We hope everyone is getting amped for an adrenaline-pumping night of football<\/strong> as Morocco\u2019s Atlas Lions face off against France at 11pm Dubai time. We\u2019ll be glued to our screens and ready for another night of celebration \u2014 fingers crossed.<\/p>\n<p><strong>THE BIG CLIMATE STORY-<\/strong> Saudi Arabia\u2019s Public Investment Fund has acquired a 9.5% stake in German offshore wind developer and operator Skyborn Renewables, continuing its heavy decarbonization investments till the final weeks of the year.<\/p>\n<p><strong>ALSO- <\/strong>The UAE and Kyrgyzstan inked an agreement to begin construction on a 200 MW solar plant in Kyrgyzstan.<\/p>\n<p><strong>^^ We have chapter and verse on these stories and more in the news well, below. <\/strong><\/p>\n<p><strong>WATCH THIS SPACE #1- FedEx begins EV trials in the UAE: <\/strong>FedEx Express will run a six-month pilot study using a new EV fleet as part of the UAE\u2019s 2040 carbon neutrality target, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/fedex-express-advances-sustainable-operations-with-electric-vehicle-trials-in-the-uae-g5ez8guk\">statement<\/a> released yesterday. The new fleet will transport parcels across strategic spots throughout the country. The courier company has launched similar initiatives in India, South Africa, and others with the largest EV fleet operating in China. FedEx aims to bring its EV fleet to 50% of its vehicles by 2025 and to transition to a fully green fleet by 2030.<\/p>\n<p><strong>WATCH THIS SPACE #2- Will Qatar invest in Siemens Energy? <\/strong>Siemens Energy is on a quest for new investors which could include the Qatar Investment Authority, according to <a href=\"https:\/\/www.handelsblatt.com\/unternehmen\/energie\/energietechnik-siemens-energy-prueft-einstieg-von-staatsfonds-60-prozent-kursplus-in-acht-wochen\/28845796.html\">Handelsblatt<\/a> (German). The company needs a capital injection to pursue a full acquisition of its wind power subsidiary Siemens Gamesa and is eyeing sovereign wealth funds, the media outlet writes.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- EU agrees on first<\/strong><strong> \u201cgreen <\/strong><strong>tariff\u201d for high emissions imports:<\/strong> In a global first, the EU reached a provisional agreement early yesterday morning to impose a CO2 emissions tariff on imports of highly-polluting goods. The aim is to launch the <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/qanda_21_3661\">carbon border adjustment mechanism<\/a> on a trial basis starting October 2023. Under the new agreement, companies importing iron, steel, cement, fertilizers, aluminum, hydrogen and electricity from outside the EU will have to buy certificates to cover the cost of emissions \u2014 an attempt to align costs with domestic production, avoid industrial outsourcing to countries with lower environmental standards, and push partner countries to decarbonize. EU domestic producers already have to buy permits for carbon emissions under the bloc\u2019s trading scheme.<\/p>\n<p><strong>The story is getting plenty of ink globally:<\/strong> <a href=\"https:\/\/www.theguardian.com\/business\/2022\/dec\/13\/eu-becomes-first-leading-economy-to-legislate-for-green-tariff-on-imports\">Guardian<\/a> | <a href=\"https:\/\/www.reuters.com\/markets\/carbon\/eu-strikes-deal-world-first-carbon-border-tariff-2022-12-13\/\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/51e6bd85-dbb2-4071-b635-8ab9bd2ab95b\">Financial Times<\/a> | <a href=\"https:\/\/www.nytimes.com\/2022\/12\/13\/world\/europe\/eu-carbon-tax-law-imports.html\">New York Times<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/business\/eu-makes-breakthrough-on-climate-protection-import-tax\/2022\/12\/13\/00ab12e2-7ac3-11ed-bb97-f47d47466b9a_story.html\">AP<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-12\/eu-nears-deal-on-landmark-carbon-levy-as-trade-tensions-rise\">Bloomberg<\/a>.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>And the big nuclear fusion news was confirmed: <\/strong>Scientists at a US government lab in California briefly achieved a net energy gain in a nuclear fusion experiment using lasers last week, US Energy Secretary Jennifer Granholm announced at a press briefing organized yesterday by the US Energy Department (<a href=\"https:\/\/www.reuters.com\/business\/energy\/us-scientists-set-reveal-step-advancing-fusion-energy-quest-2022-12-13\/\">watch, runtime: 2:37<\/a>). This could mark a major breakthrough in the application of nuclear technology as a clean energy source, although scientists and researchers cautioned that it will likely be decades before the technology is commercially viable \u2014 if ever. The story got ink in the <a href=\"https:\/\/www.nytimes.com\/2022\/12\/13\/climate\/fusion-climate-change.html\">New York Times<\/a>, the <a href=\"https:\/\/www.washingtonpost.com\/climate-solutions\/2022\/12\/12\/nuclear-fusion-breakthrough-benefits\/\">Washington Post<\/a>, and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-13\/nuclear-fusion-energy-will-likely-take-decades-to-reach-commercial-viability?srnd=green\">Bloomberg<\/a>.<\/p>\n<p><strong>Need a recap on nuclear fusion?<\/strong> <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10ad4276-7a84-4e5b-9c6d-bc62e1d9da89\">We\u2019ve got you covered<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>THE DANGER ZONE- Wind power producers are feeling the pinch as <\/strong><strong>Western Europe suffers through wind drought<\/strong>, <a href=\"https:\/\/news.sky.com\/story\/future-of-renewable-energy-in-balance-as-uk-suffers-wind-drought-with-global-stilling-to-come-12766917\">Sky News<\/a> reports. Wind was responsible for 28% of the UK\u2019s electricity generation last year. Europe\u2019s previous wind drought in 2021 impacted businesses including Danish energy company Orsted, which reported losses of USD 366 mn due to the decrease of wind speeds and Germany\u2019s RWE, whose net income from its solar and wind farms fell 38%, <a href=\"https:\/\/bigthink.com\/strange-maps\/europe-wind-drought\/\">Big Think<\/a> writes.<\/p>\n<p><strong>What does this mean for us? <\/strong>MENA companies and governments are heavily investing in wind energy projects inside and outside the region. The latest investment is Saudi Arabia\u2019s sovereign wealth fund\u2019s acquisition of a stake in German wind developer Skyborn Renewables \u2014 we have the full story in the news well below.<\/p>\n<p><strong>SOUND SMART- <\/strong>Wind droughts describe periods when wind speeds drop, which lowers the energy production capacity of existing wind farms. The reliance of many European countries on wind in their energy mix will further squeeze utilities burdened by the cut-off of Russian natural gas.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CLIMATE DIPLOMACY- Egypt will follow up on COP27\u2019s climate finance and<\/strong> <strong>investments pledges at next year\u2019s G20 meeting in New Delhi<\/strong>, according to a <a href=\"https:\/\/www.zawya.com\/en\/economy\/north-africa\/egypt-seeks-to-activate-outputs-of-cop27-during-g20-summit-in-2023-foreign-ministry-reawsodc\">statement<\/a> released yesterday. The COP27 host reiterated developing countries\u2019 commitment to support emerging economies in mitigation and adaptation as well as a just green transition. Egypt also reemphasized the need for private investments in key industries like food and energy as well as \u201c[establishing] a center of excellence for research purposes in the field of green hydrogen,\u201d Egypt\u2019s representative at the G20 Meeting and Assistant Foreign Minister Ragy El Etreby said.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The UAE will host the <\/strong><strong><a href=\"https:\/\/sharjahef.com\/?utm_source=melt_google&utm_medium=registration&utm_campaign=melt_google_PM_sharjahef2022&utm_content=performancemax&gclid=Cj0KCQiA4uCcBhDdARIsAH5jyUkgMRdMtCQkexCUEt3mj5Rz_jPeSKbPZ0BHbGPrjMa8IfcixK1WPSEaAkBSEALw_wcB\">Sharjah Entrepreneurship Festival<\/a><\/strong> this Saturday, 17 December and Sunday, 18 December at the Sharjah Research Technology and Innovation Park where leading entrepreneurs will engage in over 50 panels covering sustainable innovation, clean mobility, and solar-powered vehicles.<\/p>\n<p><strong>Saudi Arabia will host the <\/strong><strong><a href=\"https:\/\/www.futuremineralssummit.com\/\">Future Minerals Forum<\/a><\/strong> on Tuesday, 10 January to Thursday, 12 January at the King Abdulaziz International Conference Center. The forum will discuss the region\u2019s critical minerals supply and creating resilient and responsible minerals value chains for the energy transition.<\/p>\n<p><strong>UAE renewable energy firm Masdar will host <\/strong><strong><a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi<\/a><\/strong><strong><a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Sustainability Week<\/a><\/strong><strong> from Saturday, 14 January to Saturday, 21 January.<\/strong> The event will gather eight presidents and prime ministers and 30k participants in a series of conferences and summits including the Atlantic Council\u2019s <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/Abu-Dhabi-Sustainable-Finance-Forum\">Global Energy Forum<\/a>, the <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/World-Future-Energy-Summit\">World Future Energy Summit<\/a>, Masdar\u2019s <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/Green-Hydrogen-Summit\">Green Hydrogen Summit<\/a>, The International Renewable Energy Agency\u2019s <a href=\"https:\/\/www.irena.org\/events\/2023\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum\">Youth Forum<\/a>, and the <a href=\"https:\/\/abudhabisustainabilityweek.com\/ADSW\/ADSW-Events\/Abu-Dhabi-Sustainable-Finance-Forum\">Abu Dhabi Sustainable Finance Forum<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop27\/\">COP27<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fedex\/\">FedEx<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/g20\/\">G20<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-transition\/\">green transition<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75236\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75237\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75237\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE CLIMATE X FORUM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/\">\r\n                            Shift EV and Algebra Ventures on how to build a USD bn climate business                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Shift EV and Algebra Ventures on how to build a USD bn climate business&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/&title=Shift EV and Algebra Ventures on how to build a USD bn climate business\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Shift+EV+and+Algebra+Ventures+on+how+to+build+a+USD+bn+climate+business+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2022%2F12%2F14%2Fshift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1639.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75238\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/shift-ev-and-algebra-ventures-on-how-to-build-a-usd-bn-climate-business\/1639-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1639.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1639.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1639.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/1639.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75237\" class=\"content-area-description single-story post-75237 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-climate-x-forum tag-algebra-ventures tag-carbon-markets tag-enterprise-climate-x-forum tag-enterpriseclimate tag-evs tag-shift-ev tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>Shift EV and Algebra Ventures on how to build a successful green<\/strong><strong> business: <\/strong>We sat down with <a href=\"https:\/\/www.algebraventures.com\/\">Algebra Ventures<\/a> Managing Partner Karim Hussein (<a href=\"https:\/\/www.linkedin.com\/in\/karimhussein\">LinkedIn<\/a>) and <a href=\"https:\/\/www.shift-ev.com\/\">Shift EV<\/a> CEO Aly El Tayeb (<a href=\"https:\/\/www.linkedin.com\/in\/alyeltayeb\">LinkedIn<\/a>) at the <a href=\"https:\/\/climatexforum.enterprise.press\/\">Enterprise Climate X Forum<\/a> last week for a deep dive into how some successful climate-friendly business are proof of concept for all the climate investment and green growth we discussed at the forum.<\/p>\n<p><strong>Case in point?<\/strong> Egyptian electric mobility startup Shift EV has built a green-energy focused business targeting the acceleration of Egypt\u2019s EV transition \u2014 all while overcoming regulatory and market challenges. The potential of their model led Egypt-based venture capital fund Algebra Ventures \u2014 which backs tech-focused startups that seek to transform industries, but which isn\u2019t a climate fund \u2014 to stretch its mandate to invest in the venture.<\/p>\n<p><strong>Shift EV produces EVs by taking existing vehicles and replacing their internal combustion engines with its own-design, made-in-Egypt battery packs<\/strong>, said El Tayeb. The process costs a few thousand USD and can be done in a couple of hours per vehicle, he added.<\/p>\n<p><strong>There\u2019s significant savings involved:<\/strong> Upfront costs are low and by switching to electric, customers \u2014 many of whom are fleet owners operating in delivery or logistics \u2014 save some 80% of their operating costs. Commercial EVs are also broadly unaffordable for the MENA market: \u201cIt\u2019s a no-brainer that the [USD 70k] Rivian pickup truck won\u2019t be moving groceries in Egypt this decade or next,\u201d El Tayeb said.<\/p>\n<p><strong>Shift EV offers a solution with economic and environmental benefits: <\/strong>Only 10% of the new vehicles added to the road every year are EVs, suggesting a 50-year timeline for a full global transition to EV usage, which is \u201cunacceptable, from an economic and climate perspective,\u201d said El Tayeb.<\/p>\n<p><strong>The company started small and initially self-financed<\/strong>, starting by building prototypes of the vehicles and batteries then testing the waters with prospective customers. When they set up a company at the end of 2020, they decided not to raise capital. They had potential revenue streams \u2014 with demand for their batteries as an independent product notably high \u2014 and no substantial overheads, El Tayeb noted.<\/p>\n<p><strong>What changed:<\/strong> They decided to raise capital for the chance to work with investors they respected and were aligned with, and to capitalize on the growth prospects. \u201cIt didn\u2019t make sense to operate for five years at a bootstrapped, slow pace when we could build something faster,\u201d El Tayeb said. Shift EV raised about USD 9 mn last year, he added.<\/p>\n<p><strong>From Algebra\u2019s perspective, Shift EV\u2019s model and scaling potential made it an appealing investment. <\/strong>\u201cThey had the right experience and were a cohesive group,\u201d Hussein said. \u201cWe thought it was an elegant solution to a very pressing problem.\u201d<\/p>\n<p><strong>Shift EV has also overcome many of the issues that were there when it first pitched to Algebra: <\/strong>\u201cThere wasn\u2019t a factory, or regulation in place to allow for retrofitting when Aly first pitched to us,\u201d Hussein said, but El Tayeb and his team broke barriers. As of a few months ago, Shift EV\u2019s retrofitted vehicles can be fully (and simply) licensed by the authorities in Egypt. Customers bring their vehicles to Shift EV\u2019s factory, they\u2019re converted, and the company provides a letter to Egypt\u2019s Interior Ministry, which then provides customers with a license, said El Tayeb.<\/p>\n<p><strong>How they got there: A lesson on working with regulators:<\/strong> \u201cWe assumed regulators were technical experts who wanted technical guarantees that what they\u2019re allowing customers to use is safe,\u201d said El Tayeb. Shift EV used global EV safety standards for reference and then piggybacked on the process of establishing the technical safety of new cars. When all paperwork and test results were presented to the relevant authorities, what was ultimately needed was a small change in the Interior Ministry\u2019s internal regulations, said El Tayeb.<\/p>\n<p><strong>Articulating a clear value proposition was an important part of the process<\/strong>, El Tayeb said.<\/p>\n<p>The Shift EV team was able to demonstrate that the company meets several important needs for Egypt \u2014 <strong>attracting FDI to manufacturing and addressing the cost challenge of the EV transition<\/strong>, he said. \u201cWe weren\u2019t asking for massive subsidies \u2014 just the freedom to operate,\u201d he added.<\/p>\n<p><strong>Now the company\u2019s big priority is scaling:<\/strong> \u201cWe have a product, factory, and regulatory framework that all work, and we have a customer base that\u2019s strong and growing. So we\u2019ve been thinking, how does this business look at scale?\u201d El Tayeb said.<\/p>\n<p><strong>Equity financing is one way to scale: <\/strong>Along with Algebra, Shift EV has several other investors \u2014 including US-based VC Union Square Ventures. Still, \u201cin the end we don\u2019t want to convert every vehicle in the world on equity,\u201d he added.<\/p>\n<p><strong>Carbon credits could eventually play a major role:<\/strong> \u201cCarbon credits are real\u201d and voluntary carbon markets are a great avenue for financing, although this isn\u2019t tangible for Shift EV today, El Tayeb said. There was a growing market for them in Egypt in 2007, and though priorities shifted when the financial crisis hit in 2008, they\u2019re likely to make a comeback, he added.<\/p>\n<p><strong>Emerging tech could help to develop the carbon credit market \u2014 particularly overcoming the existing challenges of verification and certification<\/strong>, noted Hussein. \u201cI think there are a bunch of businesses working in data, analytics and certification, where technology can act as an enabler, to unlock carbon credits and enable a company like Shift EV to be able to access them and trade them on the market,\u201d he added.<\/p>\n<p><strong>Financing bodies need to be aware that they\u2019re helping to grow the asset classes of the future<\/strong>, El Tayeb added. \u201cThere are in Egypt 1.5 mn vehicles and fleets that need to become electric, and we need to find a way to finance that.\u201d This is a new asset class \u2014 one that we could think of as being comparable to future solar projects, El Tayeb added.<\/p>\n<p><strong>It\u2019s all about demonstrating bankability:<\/strong> Establishing bankability starts with one small agreement with a financial institution, allowing companies to continue proof of concept and paving the way for \u201ca flood of capital,\u201d said El Tayeb. Though concessionary climate finance is increasing globally, a greater selection of bankable projects is still needed, he said. \u201cBut they can\u2019t all be megaprojects. It has to also be a new class of problems, which require a new class of solutions \u2014 and that\u2019s very difficult to finance today.\u201d<\/p>\n<p><strong>Looking at VC climate tech investment more broadly, Hussein identified several areas of potential interest<\/strong>, including using tech for waste reduction and logistical efficiency in agriculture; supportive tech for large infrastructure projects \u2014 ranging from tech that monitors energy usage or increases energy efficiency to tech that uses chemicals and nanotechnology to repel dust from solar panels, reducing maintenance costs; and tech that makes reuse and recycling more efficient.<\/p>\n<p><strong>But some interesting fields might require a rethink of financing structures:<\/strong> While there are interesting prospects in using biomass as feedstock for local production, it\u2019s a challenging area for VC investors since life sciences are very long-term investments, noted Hussein. Manufacturing investments \u2014 also arguably underrepresented from a VC perspective \u2014 could work best with an investment vehicle somewhere between a VC and private equity that can support very early-stage businesses, with a clear growth trajectory and a de-risked tech structure, Hussein added.<\/p>\n<div class=\"story__body\">\n<p><strong>** The Enterprise Climate X Forum is proud to be supported by\u00a0<\/strong>USAID, HSBC, Mashreq, Attijariwafa Bank, Etisalat by e&, Hassan Allam Utilities, and Infinity.<\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algebra-ventures\/\">Algebra Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/enterprise-climate-x-forum\/\">ENTERPRISE CLIMATE X FORUM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/shift-ev\/\">Shift EV<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75239\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75239\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/\">\r\n                            PIF acquires stake in Germany\u2019s Skyborn Renewables, continuing the GCC shopping spree                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=PIF acquires stake in Germany\u2019s Skyborn Renewables, continuing the GCC shopping spree&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/&title=PIF acquires stake in Germany\u2019s Skyborn Renewables, continuing the GCC shopping spree\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=PIF+acquires+stake+in+Germany%E2%80%99s+Skyborn+Renewables%2C+continuing+the+GCC+shopping+spree+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2022%2F12%2F14%2Fpif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/156.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75240\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/pif-acquires-stake-in-germanys-skyborn-renewables-continuing-the-gcc-shopping-spree\/156-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/156.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"156.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/156.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/156.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75239\" class=\"content-area-description single-story post-75239 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseclimate tag-ma-watch tag-pif tag-renewables tag-saudi-arabia tag-skyborn-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>KSA\u2019s PIF snaps up more European renewables: <\/strong>Saudi Arabia\u2019s Public Investment Fund (PIF) is acquiring up to 9.5% in Germany\u2019s offshore wind developer and operator <a href=\"https:\/\/www.skybornrenewables.com\/\">Skyborn Renewables<\/a>, according to a statement. The value of the transaction was not disclosed.<\/p>\n<p><strong>PIF isn\u2019t the only sovereign wealth fund involved with the German company: <\/strong>UAE\u2019s sovereign wealth fund Mubadala Investment Company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b3db05e7-faf0-475f-817a-8a0ca1737fef\">acquired an undisclosed stake<\/a> in Skyborn in October.<\/p>\n<p><strong>Who owns what:<\/strong> Prior to Mubadala\u2019s investment, US infrastructure fund <a href=\"https:\/\/www.global-infra.com\/\">Global Infrastructure<\/a><a href=\"https:\/\/www.global-infra.com\/\">Partners<\/a> (GIP) <a href=\"https:\/\/static1.squarespace.com\/static\/62fb78358d10f924c72d2438\/t\/63260ee494210c591093b90d\/1663438578733\/Skyborn+GIP+Press+Release.pdf\">acquired (pdf)<\/a> 100% of Skyborn Renewables in September.<\/p>\n<p><strong>Who is Skyborn Renewables? <\/strong>Skyborn \u2014 formerly known as WPD Offshore before it was acquired by GIP \u2014 has wind energy projects generating some 7 GW of clean energy with a further 30 GW of offshore projects in the pipeline. The company is very active in Europe and the Asia Pacific markets with projects in countries including Germany, France, and Taiwan.<\/p>\n<p><strong>PIF has been quite active on the decarbonization front: <\/strong>The fund had <a href=\"https:\/\/carboncredits.com\/saudi-pif-largest-corsia-compliant-carbon-credits-auction\/\">auctioned off 1.4 mn<\/a> tons of carbon credits in October, while a JV between its subsidiary Badeel and Acwa Power <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f37ee15a-470d-4f5a-9122-af6d8ae02535\">signed a PPA<\/a> for a 2.06 GW solar plant in Saudi Arabia earlier this month. PIF <a href=\"http:\/\/lucidmotors.com\/media-room\/lucid-motors-closes-1bn-investment-public-investment-fund-saudi-arabia\">invested over USD 1 bn<\/a> in US EV manufacturer Lucid Motors in 2019, while the fund\u2019s JV Ceer \u2014 KSA\u2019s first EV company \u2014 recently <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ee461e8-e76f-4e4f-bab1-3bf0611dff80\">secured a site<\/a> for an EV factory. Additionally, PIF <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/21ce193c-0194-41cf-b695-c6667585bcb6\">signed a USD 6.5 bn<\/a> agreement with Korea Electric Power Corp and other Korean firms to build a hydrogen and ammonia plant in Saudi Arabia.<\/p>\n<p><strong>Another check on the list of ongoing GCC acquisitions:<\/strong> GCC funds and companies have been increasingly investing in European and US renewable energy companies this year. The UAE\u2019s sovereign wealth fund Mubadala Investment Company acquired stakes in US offshore project <a href=\"https:\/\/bluepointwind.com\/\">Bluepoint Wind<\/a> for an undetermined amount <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b3db05e7-faf0-475f-817a-8a0ca1737fef\">in October<\/a>. GCC-focused alternative asset manager <a href=\"https:\/\/www.wafra.com\/\">Wafra<\/a> also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/337a4857-a797-4d82-bf9f-15bcc2271e27\">acquired a majority stake<\/a> in US utility-scale renewable asset developer <a href=\"https:\/\/missioncleanenergy.com\/\">Mission Clean Energy<\/a>, and Kuwait-based <a href=\"https:\/\/www.agility.com\/en\/agility-ventures\/\">Agility Ventures<\/a> made a USD 40 mn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/42e3e30b-ae52-4718-a2cd-29f5fe71d2d4\">investment<\/a> in US EV charging station company <a href=\"https:\/\/evloop.io\/\">Loop Global<\/a>. This is just to name a few.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/skyborn-renewables\/\">Skyborn Renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75241\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75241\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/\">\r\n                            UAE and Kyrgyzstan agree to start construction on 200 MW solar plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE and Kyrgyzstan agree to start construction on 200 MW solar plant&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/&title=UAE and Kyrgyzstan agree to start construction on 200 MW solar plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+and+Kyrgyzstan+agree+to+start+construction+on+200+MW+solar+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2022%2F12%2F14%2Fuae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/279.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75242\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/uae-and-kyrgyzstan-agree-to-start-construction-on-200-mw-solar-plant\/279-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/279.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"279.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/279.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/279.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75241\" class=\"content-area-description single-story post-75241 post type-post status-publish format-standard has-post-thumbnail hentry category-solar tag-enterpriseclimate tag-kyrgyzstan tag-masdar tag-solar tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The UAE and Kyrgyzstan signed an agreement to start constructing<\/strong><strong> the first phase of a 200 MW solar plant in the Central Asian country<\/strong>, state news agency <a href=\"https:\/\/wam.ae\/ar\/details\/1395303110787\">Wam<\/a> reports. No details about the project\u2019s investment size or involved parties were given. The signing came among a slew of agreements between the two countries in various sectors including tourism, agriculture, and technology.<\/p>\n<p><strong>Is this the same plant Masdar was eyeing? <\/strong>UAE\u2019s Masdar had also expressed interest in building a 200 MW solar plant back in April, Kyrgys national news agency <a href=\"http:\/\/en.kabar.kg\/news\/uaes-masdar-ready-to-implement-project-to-build-200-mw-solar-plant-in-kyrgyzstan\/\">Kabar wrote<\/a>, along with inking \u201cinitial pacts'' with Kyrgyzstan\u2019s Energy Ministry to look into <a href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2022\/04\/15\/masdar-and-kyrgyzstan-to-explore-renewable-energy-opportunities\/\">renewable energy projects<\/a> \u2014 including floating solar and hydropower projects amounting to a capacity of 1 GW.<\/p>\n<p><strong>Masdar has been expanding in Central Asia:<\/strong> The company signed a joint development agreement with Turkmenenergo State Power Corporation last month to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0b79dd67-80d2-4748-9205-5570e208771a\">build a 100 MW solar plant<\/a> in Turkmenistan. Back in September, Masdar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">achieved financial close<\/a> on Central Asia\u2019s largest wind farm in Uzbekistan, boasting a capacity of 500 MW.<\/p>\n<p><strong>And it ties in with the GCC widening its renewables foothold in Asia: <\/strong>Saudi Arabia\u2019s Acwa Power also signed quite a few renewable energy agreements across the continent. It <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9908f85e-fa3e-4e75-bc3a-bd1b4aead052\">signed a non-binding MoU<\/a> for a 1 GW solar project in Bangladesh last month and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/61525d65-123b-493b-b8d6-ed7866b82314\">renewable energy battery storage<\/a> and green hydrogen facilities in Indonesia. Saudi Aramco is also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cba08bb5-b4ea-430f-bece-7058a5a9db2a\">conducting feasibility studies<\/a> for a hydrogen and ammonia value chain in Indonesia.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kyrgyzstan\/\">Kyrgyzstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75243\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75243\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/\">\r\n                            Air Products is bringing clean hydrogen to ground services at KSA\u2019s Dammam Airport                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Air Products is bringing clean hydrogen to ground services at KSA\u2019s Dammam Airport&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/&title=Air Products is bringing clean hydrogen to ground services at KSA\u2019s Dammam Airport\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Air+Products+is+bringing+clean+hydrogen+to+ground+services+at+KSA%E2%80%99s+Dammam+Airport+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2022%2F12%2F14%2Fair-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3277.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75244\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/air-products-is-bringing-clean-hydrogen-to-ground-services-at-ksas-dammam-airport\/3277-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3277.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3277.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3277.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3277.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75243\" class=\"content-area-description single-story post-75243 post type-post status-publish format-standard has-post-thumbnail hentry category-hydrogen tag-air-products-qudra tag-aviation tag-carbon-offsetting tag-enterpriseclimate tag-green-hydrogen tag-hydrogen tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Saudi Ground Services is getting clean hydrogen: <\/strong><a href=\"https:\/\/www.airproductsqudra.com\/\">Air Products<\/a><a href=\"https:\/\/www.airproductsqudra.com\/\">Qudra<\/a> \u2014 the development and investment company of <a href=\"https:\/\/www.airproducts.com\/\">Air Products<\/a> in the Middle East \u2014 inked an agreement to supply clean hydrogen for <a href=\"https:\/\/www.saudiags.com\/\">Saudi Ground Services<\/a> to fuel ground handling services in Dammam Airport, according to a <a href=\"https:\/\/www.airproductsqudra.com\/news-center\/2022\/12\/1212-air-products-qudra-signs-agreement-supply-hydrogen-mobility-saudi-ground-services\">statement<\/a> released this week.<\/p>\n<p><strong>The details: <\/strong>The partnership will see the airport\u2019s full range of ground services \u2014 including transporting passengers, baggage handling, refueling trucks and more \u2014 fueled by hydrogen in a bid to lower the industry\u2019s carbon footprint in line with the <a href=\"https:\/\/www.greeninitiatives.gov.sa\/\">Saudi Green Initiative<\/a> and <a href=\"https:\/\/www.vision2030.gov.sa\/\">Saudi Vision 2030<\/a>. No further details have been announced as of yet.<\/p>\n<p><strong>On the ground and up above: <\/strong>This first ever application of clean hydrogen in the ground handling aviation sector in Saudi previous efforts matches the aviation industry\u2019s attempts to decarbonize the skies. <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4473cd5a-d04d-4a58-8bd7-ed8a20764a0a\">Qatar Airways<\/a> and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f01010d7-8133-4244-b7f9-42a9d9efcc44\">Etihad Airways<\/a> have recently explored sustainable alternative fuels (SAFs) as low-carbon alternatives to traditional jet fuel to curb greenhouse gas emissions.<\/p>\n<p><strong>And the sky's not the limit: <\/strong>Air Products \u2014 along with Acwa Power and NEOM \u2014 is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3bb1924-9dc1-4866-b00f-d3f50b07744c\">part of a<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3bb1924-9dc1-4866-b00f-d3f50b07744c\">JV<\/a> to develop NEOM\u2019s USD 5 bn <a href=\"https:\/\/acwapower.com\/en\/projects\/neom-green-hydrogen-project\/\">Green Hydrogen Project<\/a>. The venture will deliver the world\u2019s largest utility scale green hydrogen facility expected to be commissioned in 2026 with a 650 tonnes\/day production capacity.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/air-products-qudra\/\">Air Products Qudra<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75245\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75246\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"75246\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/\">\r\n                            National border walls are bad news for wildlife, too                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=National border walls are bad news for wildlife, too&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/&title=National border walls are bad news for wildlife, too\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=National+border+walls+are+bad+news+for+wildlife%2C+too+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2022%2F12%2F14%2Fnational-border-walls-are-bad-news-for-wildlife-too%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3296.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75247\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/national-border-walls-are-bad-news-for-wildlife-too\/3296-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3296.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3296.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3296.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/3296.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75246\" class=\"content-area-description single-story post-75246 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-belarus tag-enterpriseclimate tag-on-your-way-out tag-poland tag-wildlife wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Like the Berlin Wall, but for wildlife: <\/strong>Animal families are being split up thanks to a 185 km wall border recently constructed between Poland and Belarus to keep refugees out, <a href=\"https:\/\/www.bbc.com\/future\/article\/20221212-how-national-border-walls-are-splitting-ecosystems-apart\">BBC<\/a> reports. The wall cuts through a forest and has halted migrating wildlife from taking their path. The European Commission in Brussels had tried to stop the construction, as it could result in \u201cthe collapse of the Polish lowland lynx population,\u201d threatening the local extinction of the species. Climate change is already threatening <a href=\"https:\/\/www.pnas.org\/doi\/10.1073\/pnas.2011204118\">35% of mammals globally<\/a> due to changing weather patterns that alter their surroundings, forcing them to migrate and keep moving.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/belarus\/\">Belarus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/poland\/\">Poland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wildlife\/\">wildlife<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75248\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2022\/12\/14\/75248\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75248\" class=\"content-area-description single-story post-75248 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>DECEMBER<\/strong><\/p>\n<p>7-19 December (Wednesday-Monday): The <a href=\"https:\/\/www.un.org\/en\/climatechange\/events\">UN\u2019s 15th meeting of the Conference of the Parties to the Convention on Biological Diversity<\/a> (COP15), Montreal, Canada.<\/p>\n<p>13-14 December (Tuesday-Wednesday): <a href=\"https:\/\/eu.eventscloud.com\/ereg\/newreg.php?eventid=200250856&&_hsenc=p2ANqtz-9c1yZ0YX1kRz0YQou4--8cKBZQGMolUkO1jP7yQl8gwbwZtt8idQVk4Nh_4cgjoS-liOXgE398SLuxMQt0H0v6QMS33Q\">Seminar on EU standards for agri-food products<\/a> for the Gulf Cooperation Council countries, Grand Millennium Business Bay Hotel, Dubai, UAE.<\/p>\n<p>13-15 December (Tuesday-Thursday): <a href=\"https:\/\/irec-conference.com\/\">International Renewable Energy Congress<\/a>, Hammamet, Tunisia.<\/p>\n<p>17-18 December (Saturday-Sunday): <a href=\"https:\/\/sharjahef.com\/?utm_source=melt_google&utm_medium=registration&utm_campaign=melt_google_PM_sharjahef2022&utm_content=performancemax&gclid=Cj0KCQiA4uCcBhDdARIsAH5jyUkgMRdMtCQkexCUEt3mj5Rz_jPeSKbPZ0BHbGPrjMa8IfcixK1WPSEaAkBSEALw_wcB\">Sharjah Entrepreneurship Festival<\/a>, Sharjah Research Technology and Innovation Park, UAE.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>10-12 January (Tuesday-Thursday): <a href=\"https:\/\/www.futuremineralssummit.com\/\">The Future Minerals Forum<\/a>, Riyadh, Saudi Arabia.<\/p>\n<p>12 January (Thursday): Business Transition to Net-Zero \u2013 the Path Towards a Successful Low-Carbon Future Forum, Bahrain.<\/p>\n<p>13 January (Friday): <a href=\"https:\/\/www.irena.org\/events\/2023\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum\">The International Renewable Energy Agency\u2019s Youth Forum<\/a>, Abu Dhabi, UAE.<\/p>\n<p>14-21 January (Saturday-Saturday): <a href=\"https:\/\/abudhabisustainabilityweek.com\/\">Abu Dhabi Sustainability Week<\/a>, Abu Dhabi, UAE.<\/p>\n<p>16-18 January (Monday-Wednesday): <a href=\"https:\/\/www.neventum.com\/tradeshows\/ecowaste\">EcoWASTE<\/a>, Abu Dhabi National Exhibition Center (ADNEC), UAE.<\/p>\n<p>16-18 January (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/\">World Future Energy Summit<\/a>, Abu Dhabi National Exhibition Center (ADNEC), UAE.<\/p>\n<p>January 2023: Bid submission deadline for green hydrogen projects to <a href=\"https:\/\/hydrom.om\/tender.html\">Hydrogen Oman (Hydrom)<\/a>.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>6-8 February (Monday-Wednesday): <a href=\"https:\/\/www.simec-expo.com\/\">Saudi International Marine Exhibition and Conference<\/a>, Hilton Riyadh, Saudi Arabia.<\/p>\n<p>21-22 February (Tuesday-Wednesday): <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>21-23 February (Tuesday-Thursday): <a href=\"https:\/\/worldesgsummit.com\/\">World Environment, Social and Governance (ESG) Summit<\/a>, Dubai, UAE.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>15-19 March (Wednesday-Sunday): <a href=\"https:\/\/agriteq.com\/en\/the-conference\/\">Qatar International Agricultural and Environmental Exhibition<\/a>, Doha, Qatar.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1-4 May (Monday-Thursday): Arabian Travel Market, Dubai World Trade Centre, Dubai, UAE. Register <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">here<\/a>.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, Abu Dhabi National Exhibition Centre, Abu Dhabi, UAE.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p><a href=\"https:\/\/www.bloombergneweconomy.com\/news\/bloomberg-announces-inaugural-new-economy-gateway-africa-in-morocco\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/p>\n<p>1-3 June (Thursday-Saturday): <a href=\"http:\/\/www.envirotecener-expo.com\/\">Envirotec and Energie Expo<\/a>, UTICA, Tunis, Tunisia.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p><a href=\"https:\/\/www.chariotenergygroup.com\/\">Chariot Limited<\/a> and <a href=\"https:\/\/www.total-eren.com\/\">Total Eren<\/a>\u2019s feasibility study on a 10 GW green hydrogen plant in Mauritania to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1323428-033c-4ff9-a0b6-716f87613360\">be completed<\/a>.<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>2-4 October (Monday-Wednesday): <a href=\"https:\/\/www.showsbee.com\/fairs\/84868-WETEX-2023.html\">WETEX and Dubai Solar Show<\/a>, Dubai World Trade Centre, Dubai, United Arab Emirates.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>6-17 November (Monday-Friday): The UAE will host <a href=\"https:\/\/sdg.iisd.org\/events\/2022-un-climate-change-conference-unfccc-cop-28\/#:~:text=The%2028th%20session%20of%20the,in%20the%20United%20Arab%20Emirates.\">COP28<\/a>.<\/p>\n<p><strong>EVENTS WITH NO SET DATE<\/strong><\/p>\n<p><strong>End-2022 <\/strong><\/p>\n<p>KSA\u2019s Neom wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41c4acda-ffa5-4e25-ae17-48b53fc7df69\">tender three concrete water reservoir<\/a> projects to up its water storage capacity by 6 mn liters.<\/p>\n<p><strong>2023 <\/strong><\/p>\n<p>Early 2023: Egypt\u2019s <a href=\"https:\/\/www.karmsolar.com\/\">KarmSolar<\/a> to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">launch KarmCharge<\/a>, the company\u2019s EV charging venture.<\/p>\n<p>1Q2023: Oman will award two blocks of land for green hydrogen projects in Duqm, Oman.<\/p>\n<p>Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dbe558b6-6166-404f-8aa3-2bd7b56647dd\">to close<\/a>.<\/p>\n<p>Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2f525f9-dc10-477e-a2d5-67e7d6d790c2\">be completed<\/a>.<\/p>\n<p>Saudi Basic Industries Corporation (<a href=\"https:\/\/www.sabic.com\/en\">Sabic<\/a>) steam cracker furnace powered by renewable energy to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6bbb030-2107-4aec-bc3c-9dfbe4d55975\">come online<\/a>.<\/p>\n<p>4Q2023: Oman to award four blocks of land for green hydrogen projects in Thumrait, Oman.<\/p>\n<p><strong>2024 <\/strong><\/p>\n<p>End-2024: Emirati <a href=\"http:\/\/ar.ae\">Masdar<\/a>\u2019s 500 MW wind farm in Uzbekistan to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">begin commercial operations<\/a>.<\/p>\n<p><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s industrial cities solar power project <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">will start electricity<\/a> production.<\/p>\n<p>First 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p><strong>2025 <\/strong><\/p>\n<p>Second 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p>UAE to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\">have over 1k<\/a> EV charging stations installed.<\/p>\n<p><strong>2026 <\/strong><\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p>Iraq\u2019s <a href=\"http:\/\/www.massgroupholding.com\/English\/default.aspx\">Mass Group Holding<\/a> wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0239be52-0fa8-43fd-8db9-68f967fb1529\">invest EUR 1 bn<\/a> on its thermal plant Mintia in Romania to have 62% of run on renewable energy, while expanding its energy capacity to at least 1.29k MWh.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":75233,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-75232","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6839578e-a32e-4811-b2ca-bba5dbc18743","teaser":"","photo_url":"https:\/\/ent.news\/2021\/5\/325.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T08:17:09+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/\",\"name\":\"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-12-14T02:00:52+00:00\",\"dateModified\":\"2025-12-15T08:17:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/","og_locale":"en_US","og_type":"article","og_title":"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/","og_site_name":"Climate","article_modified_time":"2025-12-15T08:17:09+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/","name":"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1","datePublished":"2022-12-14T02:00:52+00:00","dateModified":"2025-12-15T08:17:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/325.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudi-arabias-pif-acquires-a-stake-in-germanys-skyborn-renewables\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Saudi Arabia\u2019s PIF acquires a stake in Germany\u2019s Skyborn Renewables"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/75232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/75232\/revisions"}],"predecessor-version":[{"id":75257,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/75232\/revisions\/75257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/75233"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=75232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=75232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=75232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}